With mortgage applications to purchase down 63% from the pandemic peak. The last time we saw demand this low, it was 1995.
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With mortgage applications to purchase down 63% from the pandemic peak. The last time we saw demand this low, it was 1995.
10 year treasury yield hit 5 percent today, a key benchmark for 30 year interest rates
Home owners looking to sell may decide to rent their place
Another factor is the cost of home/fire insurance especially in CA
Interest rates are a huge factor.
30 year fixed is or will be 7 percent
Good point
Is that a chart about the US? In Australia the demand seems like it will always be there.
No surprise there. If inflation is fucking most people, how are they supposed to buy a house?
The demand in my area is still very high.
Usually it is above market asking price.
What's the source for this chart? Have a link? @supratic